Teacher Retirement System of Texas Purchases 50,605 Shares of National Beverage Corp. (NASDAQ:FIZZ)

Teacher Retirement System of Texas grew its stake in National Beverage Corp. (NASDAQ:FIZZ - Free Report) by 99.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 101,627 shares of the company's stock after buying an additional 50,605 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.11% of National Beverage worth $4,222,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of FIZZ. Golden State Wealth Management LLC increased its position in National Beverage by 102.4% in the first quarter. Golden State Wealth Management LLC now owns 830 shares of the company's stock worth $34,000 after buying an additional 420 shares in the last quarter. Lazard Asset Management LLC purchased a new stake in National Beverage in the fourth quarter worth about $52,000. Parallel Advisors LLC increased its position in National Beverage by 307.6% in the first quarter. Parallel Advisors LLC now owns 1,333 shares of the company's stock worth $55,000 after buying an additional 1,006 shares in the last quarter. Tower Research Capital LLC TRC increased its position in National Beverage by 38.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,499 shares of the company's stock worth $64,000 after buying an additional 415 shares in the last quarter. Finally, Quarry LP increased its position in National Beverage by 6,875.0% in the fourth quarter. Quarry LP now owns 1,674 shares of the company's stock worth $71,000 after buying an additional 1,650 shares in the last quarter. Hedge funds and other institutional investors own 23.95% of the company's stock.

Insider Buying and Selling at National Beverage

In related news, Director Stanley Michael Sheridan sold 8,000 shares of the stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $43.40, for a total transaction of $347,200.00. Following the completion of the transaction, the director directly owned 62,408 shares of the company's stock, valued at approximately $2,708,507.20. This represents a 11.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 74.80% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, UBS Group upped their price objective on National Beverage from $42.00 to $45.00 and gave the stock a "sell" rating in a research note on Monday.

National Beverage Price Performance

Shares of NASDAQ FIZZ traded up $0.10 during mid-day trading on Thursday, reaching $44.98. The company's stock had a trading volume of 158,855 shares, compared to its average volume of 177,105. The firm has a market capitalization of $4.21 billion, a PE ratio of 22.49 and a beta of 0.81. The stock has a fifty day moving average of $44.60 and a two-hundred day moving average of $42.82. National Beverage Corp. has a 52 week low of $38.25 and a 52 week high of $53.01.

National Beverage (NASDAQ:FIZZ - Get Free Report) last released its quarterly earnings data on Wednesday, July 2nd. The company reported $0.48 earnings per share for the quarter, hitting analysts' consensus estimates of $0.48. The firm had revenue of $313.63 million during the quarter, compared to analyst estimates of $303.26 million. National Beverage had a return on equity of 49.48% and a net margin of 15.55%. During the same quarter in the prior year, the company posted $0.47 earnings per share.

National Beverage Company Profile

National Beverage Corp., through its subsidiaries, develops, produces, markets, and sells a portfolio of sparkling waters, juices, energy drinks, and carbonated soft drinks primarily in the United States and Canada. The company's Power+ brand portfolio offers sparkling water products under the LaCroix, LaCroix Cúrate, and LaCroix NiCola; non-carbonated flavored water under the Clear Fruit; energy drink and shots under the Rip It; juice and juice-based products under Everfresh, Everfresh Premier Varietals, and Mr.